Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 1-Year High – Here’s What Happened

Société Générale Société anonyme (OTCMKTS:SCGLY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.27 and last traded at $8.24, with a volume of 741137 shares. The stock had previously closed at $7.94.

Analyst Upgrades and Downgrades

SCGLY has been the subject of a number of recent research reports. Citigroup upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Barclays upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Stock Up 3.7 %

The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $5.61. The firm has a market capitalization of $32.95 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.26 and a beta of 1.33.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. On average, equities analysts expect that Société Générale Société anonyme will post 1.14 EPS for the current year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.